Summit Point, WV—25446
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Summit Point, WV
As of Oct '25, the median home price in Summit Point, WV is $455,000, with a year-over-year change of 4.3%. This indicates that home prices in Summit Point, WV are increasing. According to Zillow, the 1-year price projection is 0.1%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $455,000 | 4.3% |
| Single Family | $455,000 | 4.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $437,000 | 4.3% |
4 Bed | $579,000 | 4.3% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Summit Point, WV
Summit Point, WV lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Summit Point, WV
As of Oct '25, Realtor.com reports that the median days on market for a home in Summit Point, WV is 40. This is a decrease of -61.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 0.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $761,000 | 20.0% |
Listing Count | 4 | -21.0% |
| Listings as % of Homes | 0.8% | -21.0% |
Days on Market | 40 | -61.0% |
Demographics — Summit Point, WV
As of the latest ACS Survey released in 2023, Summit Point, WV has a population of 1,480, which has increased by 22.6% over the past 5 years. Summit Point, WV is a popular place for families, as children make up 28.4% of the population. The area has a moderately educated workforce, with 28.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 1,480 | 22.6% |
% Under 18 | 28.4% | 97.2% |
% Seniors | 8.8% | -59.4% |
% WFH | 11.6% | 286.7% |
% w/ College Degree | 28.9% | 8.2% |
As of the latest ACS Survey released in 2023, Summit Point, WV is a predominantly white area, with 60.2% of the population identifying as white. The white population has shrunk by 29.7% in the last 5 years. The second most common race or ethnicity in Summit Point, WV is black, making up 25.7% of the population. Foreign-born residents account for 8.1% of the population in Summit Point, WV, and this percentage has increased by 224.0% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 60.2% | -29.7% |
% Black | 25.7% | ∞% |
% Hispanic | 10.8% | 13.7% |
% Asian | 3.2% | ∞% |
% Foreign Born | 8.1% | 224.0% |
Mortgage and Risk — Summit Point, WV
Summit Point, WV lacks sufficient mortgage origination data for analysis.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | N/A |
% Conventional Loans | N/A |
% Government Loans | N/A |
% Investor Loans | N/A |
% Second Loans | N/A |
% Cash Out Refinance | N/A |
Loan Activity
No data available
Rentals and Section 8 — Summit Point, WV
Summit Point, WV lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,100 |
| 2 Bedroom | N/A | N/A | $1,360 |
| 3 Bedroom | N/A | N/A | $1,840 |
| 4 Bedroom | N/A | N/A | $2,200 |
Affordability — Summit Point, WV
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $455,000 |
| Median Household Income | $130,000 |